Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

You buy 3 0 0 shares of Qualitycorp for $ 3 0 per share and deposit initial margin of 5 0 % . The next

You buy 300 shares of Qualitycorp for $30 per share and deposit initial margin of 50%. The next day, Qualitycorp's price drops to $25 per share. What is your actual margin?
A)50%
B)40%
C)33%
D)60%
E)25%
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started